North America Automotive Adhesives Market Size & Outlook
North America automotive adhesives market, 2018-2030 (US$M)
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North America automotive adhesives market highlights
- The North America automotive adhesives market generated a revenue of USD 1,563.6 million in 2022.
- The market is expected to grow at a CAGR of 6.7% from 2023 to 2030.
- In terms of segment, reactive & others was the largest revenue generating technology in 2022.
- Hot Melt is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 1,563.6 million |
| Market revenue in 2030 | USD 2,633.2 million |
| Growth rate | 6.7% (CAGR from 2022 to 2030) |
| Largest segment | Reactive & others |
| Fastest growing segment | Hot Melt |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water Based, Solvent Based, Hot Melt, Reactive & Others |
| Key market players worldwide | Henkel AG & Co KGaA, H.B. Fuller Co, Sika AG, Dow Inc, Arkema SA, 3M Co |
Other key industry trends
- In terms of revenue, North America region accounted for 20.1% of the global automotive adhesives market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 423.5 million by 2030.
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Automotive Adhesives Market Scope
Automotive Adhesives Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America automotive adhesives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive adhesives market will help companies and investors design strategic landscapes.
Reactive & others was the largest segment with a revenue share of 72.44% in 2022. Horizon Databook has segmented the North America automotive adhesives market based on water based, solvent based, hot melt, reactive & others covering the revenue growth of each sub-segment from 2018 to 2030.
Automotive adhesives market in North America has ample potential owing to stringent environmental regulations formulated by authorities in order to reduce carbon emissions. Automotive adhesives help to reduce weight and thereby reduce carbon emissions.
Automotive industry in the region is likely to witness a high demand for adhesives since the manufacturers are expected to innovate their manufacturing assemblies by incorporating adhesives so as to produce vehicles meeting according to the emission standards.
The objective of CARB is to reduce harmful air emissions and promote investments in low-carbon technology. These supportive government regulations for lowering carbon emissions and improving fuel efficiency of vehicles in North America are expected to drive automotive adhesives market over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America automotive adhesives market , including forecasts for subscribers. This continent databook contains high-level insights into North America automotive adhesives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America Automotive Adhesives Market Outlook Share, 2022 & 2030 (US$M)
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